Insurance For Grocery Stores In Canada
Insurance for grocery stores in Canada requires expertise because of the wide range of retailers in Canada. From the independent local grocer on the corner to the Loblaws giant, grocery stores in Canada are a diverse breed. Insurance for grocery stores in Canada can’t possibly be standardized. Insurance for grocery stores must be customized. Owners will need many of the same types of insurance as other retail store owners, but the concerns might be different. Getting insurance for grocery stores in Canada is as simple as contacting ALIGNED Insurance for a free quote.
Loblaws was opened in 1919 in Brampton and it now has over 2,300 retail stores under the Loblaws name. Metro has nearly 400 locations in Quebec and Ontario. And Longo’s owns more than 30 stores in the greater Toronto and Hamilton area. These giants set the stage for what many people expect from a grocery store in Canada. However, many people prefer a smaller, more local option that can be found at independent grocers and markets. Whatever the size of your grocery store, insurance is essential to protecting your business.
Why Should Insurance For A Grocery Store Be Customized?
Insurance for grocery stores must be customized based on the size of the store, the number of employees, and the concerns of the owner. Your insurance should be much different from a Loblaws store if you have a smaller store with a few part time employees. There’s no need to be over-insured for risks that don’t concern you. In addition, it’s important that you’re covered based on your location. Some stores have different coverage needs based on the proximity of other stores and businesses. Customizing your grocery store insurance means that you won’t be paying a higher premium for insurance benefits that don’t apply to your store. Talk to an experienced broker at ALIGNED Insurance to discuss the insurance that your particular store requires.
What Types Of Insurance Does A Grocery Store Need?
Commercial General Liability Insurance is a type of insurance that every retail store needs. You will be covered for any potential bodily harm that might come to a customer of your store. You want to be covered if someone slips on a puddle of water, or gets hit by an item falling off the shelf. You’ll need general liability insurance, even if you have excellent safety practices.
Product Liability Insurance is insurance for product default or malfunction. If you receive spoiled goods we can assume the original seller will replace them without hassle. But what if you don’t know something is spoiled before it makes its way back to the customers’ house? Product liability is a key factor in protecting your store from the unknown.
Property Insurance is the type of insurance that protects your premises. You can rest assured that no storm can put your business under. This type of insurance may vary greatly between locations given that some areas are more at risk of natural disasters. Your store can be protected from weather related damage and other possible damage to your property.
Crime Insurance offers coverage for employee and customer crimes. If an employee steals food from your store, or a customer commits credit card fraud, you are protected.
How Do I Get Insurance For A Grocery Store In Canada?
If you want to get started fast, you can get insurance right away with ALIGNED Insurance Online Insurance Products. If you’d like to keep it simple, but still benefit from customized insurance, contact ALIGNED Insurance at tel:18662870448.
It’s important that you have all the coverage you need when you purchase insurance for grocery stores in Canada. It’s also important that the cost of your insurance works for the size of your business. Don’t waste time filling out endless quote information for multiple insurance companies. Let us from ALIGNED Insurance do the leg work for you, so you can go back to running your grocery store.
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